AN ACT relating to liens and declaring an emergency.
     Create new sections of KRS Chapter 14 to establish the Kentucky Lien Information System administered by the Secretary of State; require all businesses to have an identification number; require the system to become operative on January 1, 2000; specify the types of filings to be indexed on the system are federal tax liens, state tax liens, and security interests under Article 9 of the Uniform Commercial Code; allow public to search master index at no charge; allows the Secretary of State to integrate the AVIS hardware and software into the system; create a trust fund for use by the Secretary of State to operate and maintain the system; require a $1 fee for certain filings to fund the trust fund; amend KRS 64.012 to increase certain filing fees to pay county clerks for extra work; amend KRS 134.420 to require state tax lien filings beginning on January 1, 2000 to include taxpayer's identification number; amend KRS 186.045 to simplify procedure when a lienholder listed on a motor vehicle title assigns his lien to simplify procedure when a lienholder repossesses a motor vehicle; amend KRS 186A.190 on motor vehicle title fees to conform; amend KRS 142.010 to clarify that a $3 tax is imposed for notation of a lien or security interest on a motor vehicle title; amend KRS 355.9-105 to define new terms; amend KRS 355.9-401 concerning financing statements to conform; amend 355.9-402 to require financing statements to include the identification number of debtors who are other than natural persons and require statements to be indexed on the system; amend KRS 355.9-403 to require continuation statements to include name of debtor and the identification number of debtors other than natural persons and to be indexed on the system; amend KRS 355.9-404 to require that termination statements be indexed on the system; amend KRS 355.9-405 to require assignments of financing statements to include the identification number of debtors who are not natural persons and be indexed on the system; amend KRS 355.9-406 to require collateral releases to include the identification number of debtors who are not natural persons and be indexed on the system; amend KRS 355.9-407 to require county clerks or the Secretary of State to search the master index for information about a specified debtor upon request of any person and upon payment of a fee not exceeding $10; create a new section of part 4 of article 9 of KRS Chapter 355 concerning possible errors in identification numbers; amend KRS 382.480 to require federal tax lien filings be included in the system after December 31, 1999 in order to be considered filed; amend KRS 355.2A-103 to conform; EMERGENCY.

     (Prefiled by the sponsor(s).)

     Jan 6-introduced in House
     Jan 7-to State Government (H)
     Feb 27-posted in committee